An operating system (OS) acts as an intermediary between users and computer hardware by controlling and coordinating hardware and software resources. The document discusses the components of a computer system including hardware, OS, application programs, and users. It describes the functions of an OS as a resource allocator and control program. Early batch systems had long turnaround times due to lack of parallelism between CPU and I/O operations. Multiprogramming systems improved efficiency by running multiple programs simultaneously using interrupts. Timesharing systems provided further interactivity through rapid context switching between user programs. Personal computing systems prioritized user convenience with single-user, portable devices.